Banque Pictet & Cie SA lifted its stake in Newell Brands Inc. (NYSE:NWL) by 11.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 412,819 shares of the company’s stock after buying an additional 43,252 shares during the period. Banque Pictet & Cie SA owned approximately 0.09% of Newell Brands worth $22,135,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of NWL. Harfst & Associates Inc. bought a new stake in shares of Newell Brands in the first quarter worth about $103,000. BDO Wealth Advisors LLC bought a new stake in shares of Newell Brands in the 2nd quarter worth approximately $107,000. Israel Discount Bank of New York purchased a new position in Newell Brands in the 1st quarter worth approximately $112,000. Parallel Advisors LLC raised its holdings in Newell Brands by 23.0% in the 1st quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock worth $132,000 after acquiring an additional 544 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Newell Brands during the 1st quarter valued at $156,000. 92.43% of the stock is currently owned by institutional investors.
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Newell Brands Inc. (NYSE NWL) opened at 43.20 on Friday. The company’s 50 day moving average is $48.67 and its 200 day moving average is $50.12. The stock has a market cap of $21.17 billion, a PE ratio of 17.25 and a beta of 1.19. Newell Brands Inc. has a one year low of $42.81 and a one year high of $55.08.
Newell Brands (NYSE:NWL) last released its quarterly earnings data on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.96 billion. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, equities research analysts expect that Newell Brands Inc. will post $3.00 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Tuesday, August 29th. Newell Brands’s dividend payout ratio is presently 36.95%.
A number of equities research analysts have recently issued reports on NWL shares. BMO Capital Markets set a $51.00 price objective on shares of Newell Brands and gave the company a “hold” rating in a research report on Saturday, August 5th. J P Morgan Chase & Co set a $61.00 target price on shares of Newell Brands and gave the stock a “buy” rating in a report on Monday, August 7th. Forward View reaffirmed a “buy” rating and issued a $58.00 target price on shares of Newell Brands in a report on Monday, September 11th. Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 target price on shares of Newell Brands in a report on Thursday, June 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Newell Brands presently has a consensus rating of “Buy” and an average price target of $57.36.
In other news, CEO Michael B. Polk purchased 5,000 shares of Newell Brands stock in a transaction dated Wednesday, September 13th. The stock was bought at an average price of $43.61 per share, with a total value of $218,050.00. Following the completion of the acquisition, the chief executive officer now owns 609,296 shares in the company, valued at approximately $26,571,398.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Scott S. Cowen purchased 2,000 shares of Newell Brands stock in a transaction dated Monday, September 11th. The shares were purchased at an average cost of $43.60 per share, with a total value of $87,200.00. Following the acquisition, the director now owns 87,883 shares of the company’s stock, valued at approximately $3,831,698.80. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 7,046 shares of company stock valued at $307,669. 0.97% of the stock is currently owned by corporate insiders.
Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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